Blog

β€œA smart investor enters the market when others are feeling negative about it and the value is lower than it’s intrinsic value”

   Blog

β€œA smart investor enters the market when others are feeling negative about it and the value is lower than it’s intrinsic value”

How to buy Bitcoin in US and Canada?

If you are coming from the US or Canada and you are interested in buying Bitcoin, the first thing we want you to know is that you have a lot of choices.

Because of that, make sure to utilize the opportunity you have and find the best one that fits you.

Some of you want to buy with a credit card, bank wire, PayPal, cash, without verification.

This article will bring you the best options for every one of these so we hope you will end up with a lot of valuable information and that we will make your choice easier.

Kraken

If your choice is buying Bitcoin with a bank wire transfer, the first thing you should look at is Kraken.com.

Kraken is the US exchange founded in 2011 and launched to the public in 2013.

As one of the oldest exchanges in the market, Kraken built a reputation for being a safe place for anyone interested in buying and trading cryptocurrencies.

Kraken outdoes its competition by dealing in multiple fiat currencies which include the US Dollar, the Canadian Dollar, the Euro, the British Pound, and the Japanese Yen.

Once you create an account, you have to get verified to deposit the money to your account.

It will take up to 48 hours for the funds to arrive at your account.

Being very secure and offering enormously low fees make this exchange an amazing place to buy Bitcoin.

Even though it is not that big as Coinbase, the value it provides is way better.

The main reason Coinbase is the biggest apart from being secure is an affiliate system so people can make money when someone purchases via their link.

The fees you will pay on Coinbase are way higher, and that’s the cost you don’t have to pay because Kraken offers equal service.

We could offer and suggest you Coinbase and take commissions but your interest is the main goal for us, so we do not want to lie and offer something we do not use.

We were using Kraken from almost 2 years, and so far there were no problems.

If you want to buy Bitcoin on Kraken, check our guide where we explained the process of registration, verification and buying Bitcoin.

Click here to get the direct link.

Binance

If you want to buy Bitcoin with a credit or debit card, we advise you checking Binance.

Binance is the world’s largest exchange that is growing exponentially.

Apart from being the best and the biggest cryptocurrency exchange, they integrated the fiat gateway that enabled their users to buy Bitcoin with credit or debit card.

The process is very easy and straight forward.

It takes from 10 up to 30 minutes for Bitcoin to reach your wallet after payment.

The fees are reasonable.

You will pay either 3.5% or 10 USD per transaction, whichever is higher.

They accept VISA and MasterCard.

Considering that they are the biggest and the fastest cryptocurrency exchange, the fees that are average (not the cheapest one but definitely not the most expensive), we do believe that this is a very good option to buy Bitcoin.

The only setback is the fact that fiat gateway is integrated recently, so it needs some time to be fully tested.

So far it was working very good, and there is no reason to think that it won’t be even better in the future.

If you want to buy Bitcoin via Binance, click here to get the direct link for a registration form.

CoinATMradar.com

If you want to buy Bitcoin with cash, you may consider checking coinatmradar.com and find the Bitcoin ATM near you.

The fees are usually between 4% and 6%.

That’s higher than both, bank wire and credit card option, but if you have some special reasons to buy Bitcoin with cash, this is a great option.

Click here to check their full guide on how to buy Bitcoin using ATMs.

LocalBitcoins

If you want to buy using Paypal or to buy without verification, LocalBitcoins can be a great choice for you.

LocalBitcoins is the global exchange site that allows Bitcoin investors to buy and sell the world’s leading cryptocurrency in a peer-to-peer manner.

Like any other platform that relies on peer-to-peer interaction, there’s a possibility that you may get scammed.

Luckily, LocalBitcoins has been operating since 2015 and it is available in more than 200 countries and it has amassed a strong reputation for being reliable and safe to use.

Considering two-factor authentication (2FA), loving guard, support staff, and a feedback-driven reputation system, we find this peer-to-peer exchange very safe and secure.

The seller can’t receive your money and then cancel the release of there Bitcoins to your LocalBitcoins wallet.

If you want to buy Bitcoin using LocalBitcoins, check out our post where we covered the entire process from creating an account all the way to buying Bitcoin.

Click here to get a direct link for that guide.

Summary

We hope you get the information you were looking for.

You have a lot of options to buy Bitcoin so make sure to utilize the given opportunity and make the one where you will fit best for you.

For more the content of ours, check out the links below.

Free Cryptocurrency Course

Free Cryptocurrency Trading Course

How to Become Successful Crypto Trader

Free Position Size Calculator